@Zo A.I invest out of state as I live in a similarly ridiculous market for acquisitions.

Hence, the low acquisition price.Construction defects law:  Hardly any condos have been built for some years now because of the problems with foundations and shifting soils meant builders were liable for bad engineering.  

I went through the laundry list on my last acquisition... 

A full time position as an underwriter certainly exists, and a large firm (AUM wise) where there is frequent acquisition/disposition activity would be a great place to look.

Originally, I drafted the Note and Deed for the acquisition of the property.

Just wrote a blog post on the topic- Rental Property Acquisition via Non-performing notes- Birm, AL study.  

Once you get the requisite track record, capital (30% down payment + 5% closing costs) and can raise investor capital, I'd shoot for an acquisition of a 60+ unit multifamily. 

I will follow-up with them and keep you on my radar when we move to the acquisition phase. 

Acquisition or whatever you are going to do with it.

Also, do you guys generally charge a 1% gross revenue fee, acquisition fee of 1-3% and sale/refinance fee of 1-3%?